Stadium Capital Has Huge Q2 Betting on Builders FirstSource, Inc. (BLDR)

During the March quarter, Stadium increased its stake in Ascena Retail Group Inc (NASDAQ:ASNA) by 9% to 6.50 million shares valued at $94.36 million. The holding is the fund’s largest equity position and represents just over 4% of the company’s outstanding common stock. The stock appreciated by almost 15% during the second trimester. Although Ascena Retail Group Inc (NASDAQ:ASNA) missed both the top and bottom line estimates for its fiscal third quarter financial results, the stock was recently upgraded to ‘Outperform’ by RBC Capital owing to the earnings potential from its latest acquisition of Ann Taylor. Among the funds that we track, Chuck Royce‘s Royce & Associates is the largest shareholder of Ascena Retail Group Inc (NASDAQ:ASNA), holding some 7.47 million shares valued at $108.44 million.

Stadium initiated a stake in Insperity Inc (NYSE:NSP) during the second quarter of 2008 and after reducing the holding by 38% during the first three months, the fund owns about 1.49 million shares valued at $78.07 million. The stake represents about 5.8% of the company’s outstanding shares. In the second quarter the stock depreciated by 2.66%. The $1.33 billion provider of human resources services and business solutions increased its quarterly dividend by 16% to $0.22 per share and expanded its stock repurchase program by 1.0 million shares to 1.68 million shares recently, and might be on the verge of seeing a better stock performance as a result. Jeffrey Smith‘s activist fund Starboard Value is the largest stockholder of the company within our database, holding some 3.34 million shares valued at $174.44 million.

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